Monday, May 29, 2017

Filing Of Return Of Income

Filing Of Return Of Income

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The taxpayer has to communicate the details of his taxable income/loss to the Income-tax Department. These details are communicated to the Income-tax Department in the form of return of income. In this part you can gain knowledge about various provisions and procedure relating to furnishing (i.e. filing) the return of income. The provisions discussed in this part are applicable for furnishing the return of income for the assessment year 2016-17, i.e., financial year 2015-16.